Sumitomo Mitsui Finance & Leasing (SMFL) is exploring tokenizing rental equipment and real estate as part of a proof of concept with U.S. tokenization platform Vertalo, an SEC-registered transfer agent.
The Japanese firm has an existing SaaS asset tracking system for physical assets, AssetForce. It has now integrated the solution with Vertalo’s security token platform. The goal is to provide rich data for a variety of assets that are tokenized as non fungible tokens (NFTs).
Tokenization covers a vast array of sectors. In the crypto world, tokenizing Treasury bonds is proving popular. In the institutional sector, it is the native issuance of digital bonds. However, in Japan the popular asset is real estate tokenization.
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